Rochester, NY 7/10/2009 10:09:34 PM
Morning Stock Report - CSCO - Najarian: Options Get Bullish on Cisco
Cisco Systems, Inc.,CSCO
Morning Stock Report - CSCO - Najarian: Options Get Bullish on Cisco
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Cisco Systems, Inc.,CSCO
Last Trade: 18.27
Day's Range: 18.08 - 18.45
52wk Range: 13.61 - 25.25
Volume: 16,111,329
COMPANY "In The News"
Options traders were bullish on Cisco Systems yesterday, apparently in early speculation over the networking technology giant's earnings report next month. Trading was concentrated on the August 19 calls, where 24,780 contracts changed hands in a strong buying pattern at more than double the open interest. On an average day only 1,074 calls have traded at that strike in the last month.
COMPANY DETAILS
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products relating to the communications and information technology industry worldwide. The company offers routers that interconnect IP networks and moving information between networks; switching systems, which provide connectivity to end users, workstations, and servers; application networking solutions; home networking products, such as voice and data modems, network cards, media adapters, Internet video cameras, network storage, and USB adapters; and Cisco security solutions to protect information systems.
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